Do I get a tax receipt?
Cowichan Neighbourhood House Association Has a Receipting Policy
As a registered charity, Cowichan Neighbourhood House Association issues receipts in accordance with Canada Revenue Agency (CRA) guidelines. For more information, visit the Canada Revenue Agency at canada.ca/charities-giving.
Monetary donations
Eligible donations of $10 or more will receive a tax receipt if full name and address are provided at the time the donation is made. Donors via e-transfer may provide their address via email to accounts@cnha.ca.
Tax receipts for donations of less than $10 will be issued upon request.
Gifts made to purchase or win raffle tickets, auction items or other items of value, do not qualify for a financial tax receipt as the CRA considers this an exchange of value.
Gift-In-Kind (Food)
Under current Canadian tax law, donors of food and consumer products receive no tax benefit for their donation. Typically, companies will write off the cost of the product, or a percentage of the cost, and can do so within the regulations of Revenue Canada, and do not require a receipt. Therefore, if the value you are asking for here is within those write-off allowances, the company will be able to take the tax write-off without a charitable receipt.
We are happy to provide an acknowledgment indicating the receipt of the donated products.
Marketable Securities Donations
The value and the tax receiptable amount of marketable securities donations are determined by the value of trading on the date of receipt of donation. Tax receipts will be issued within four weeks of receiving a donation or can be issued at other times upon special request by donors.
Gift-in-kind (Not Food)
Some donations of property from individuals such as products, equipment, supplies, auction items, and other similar tangible items may receive a tax receipt. CNHA will review all donations to ensure reasonableness of value prior to issuing any tax receipts. To be considered for a receipt, CNHA must be provided with a third-party invoice, receipt, qualified appraisal, or similar documentation declaring the fair market value of the donated item. See CRA background. Tax receipts for gift-in-kind donations that CNHA deems appropriate will be issued by February 28.
Gifts of services for a silent auction, raffle or a fundraising event (such as a restaurant donating a gift certificate for their restaurant, dance classes donated by a dance teacher, hotels donating a night’s stay at their hotel) will NOT be issued tax receipts in accordance with CRA regulations as services do not qualify as gifts of property.
Donations of property from corporations may receive a letter confirming receipt and a description of the item, but not a charitable tax receipt. It is CNHA’s understanding that companies may use this letter as documentation to write off the cost or a percentage of the cost of the product according to CRA policies and do not require an official charitable tax receipt to do so.
Service-In-Kind Donations
CNHA will review all invoices to ensure reasonableness of the charge for services prior to issuing any tax receipts. Donors of some services to CNHA such as graphic design, printing, training, repair, cleaning, professional services (i.e. legal, accounting, consulting) and other similar services may be eligible to receive a tax receipt if certain conditions are met.
The vendor must issue an invoice or receipt to CNHA for the fair market value of services provided.
CNHA will issue a cheque in full payment of the services received (i.e., pay the invoice).
The vendor will make a monetary donation for all or a portion of the payment received for their services.
Tax receipts will be issued by February 28.
According to CRA standards the donation of volunteer services of time to the association, sorting, office work, etc. doesn’t qualify for a tax receipt. We are however happy to provide a formal letter upon request recording time spent volunteering.
Special Events/Ticket Sales/Sponsorships
Individuals/Corporations purchasing tickets for special events will receive a tax receipt for the amount of the ‘gain’ received (ticket cost less value of products/services received). Tax receipts will be issued after the event accounting is completed and net ‘gain’ tax receipt amounts can be calculated, typically within 60 days. See CRA background.
Individuals/Corporations purchasing sponsorship opportunities (i.e., galas, food drives) will NOT receive a tax receipt in accordance with CRA regulations, since they are gaining the benefit of the advertisement of their corporate name at the event.
Unsure if your donation qualifies as a gift eligible for an official income tax receipt? Please contact us at accounts@cnha.ca
As a registered charity, CNHA issues receipts in accordance with Canada Revenue Agency (CRA) guidelines
When donating as an individual, CRA requires that you provide your residential address.
When donating as a Corporation/Group, CRA requires that you provide your Corporate/Group address.
*Tax Receipts: We will mail tax receipts for eligible gifts by February 28. Have you moved? Contact us with your new information.
Thank you to the North York Harvest Food Bank for compiling this information, sourced from://northyorkharvest.com/receipting-policy/ .